2021-22 is a centenary year for TMV. This University was established after the great national leader and freedom fighter, a visionary and educationist Shri. Lokmanya Bal Gangadhar Tilak. An idea was put forward by Mahatma Gandhi to establish a University in his name for his great work in education field. The Vidyapeeth was awarded the status of 'Deemed to be University' by Govt. of India in 1987 in recognition of its contribution in the field of education, which accorded the Vidyapeeth recognition at the national level.
Since the establishment of the Department of Japanese Language in 2013, it has flourished to national and international level. In the year 2020, Honorable Chancellor Dr. Deepak Tilak received Foreign Minister’s Commendation award from Japan government for his contribution towards the Japanese Language through education.